That’s what Colin Campbell says in a recent Guardian article: Campbell reckons global peak production of conventional oil – the kind associated with gushing oil wells – is approaching fast, perhaps even next year. His calculations are based on historical and present production data, published reserves and discoveries of companies and governments, estimates of reserves …
Tag Archives: Crude Oil
The Value of Alaskan oil.
Today marked an interesting day in the Oil Economy. First, Oil hit an all time intra-day high of $56.60. Second, the US Senate rejected, by the slimmest of margins (51-49), a motion to halt the approval of development of the oil rich ANWR area of Alaska. Proponents of developing ANWR love to say that it …
Interim Oil For Food Report: Part 2
Alright… continuing on the analysis of the Interim Report I’m finding the report quite engaging actually. It’s doesn’t seem to be your standard legaleeze… it’s written much more like a book, and as such is much easier to follow. Intrigue, Scandal, Back stabbing… it’s got it all!! 😉 Here are the conclusions the Report makes …